Overseas Telecom Firms Regroup
As India Adjusts Regulator Powers

NEW DELHI -- After years of heartburn, foreign telecommunications companies are regaining their appetite for India.

Eight months ago, AT&T Corp. was considering selling out of two cellular-telephone networks it operates in western India. Costs were high, growth was low, and policies that hindered investment had made AT&T India Managing Director Virat Bhatia, by his own admission, "one of the harshest critics of the...